Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Financial assets and liabilities measured at fair value on a recurring basis

The following fair value hierarchy table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:



(In thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at March 31, 2016
Assets
Deferred compensation plan	$	13,013	$	—	$	—	$	13,013
Derivative instruments	—		15,347		3,647		18,994
Total assets	$	13,013	$	15,347	$	3,647	$	32,007
Liabilities
Deferred compensation plan	$	25,144	$	—	$	—	$	25,144
Total liabilities	$	25,144	$	—	$	—	$	25,144



(In thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at December 31, 2015
Assets
Deferred compensation plan	$	12,921	$	—	$	—	$	12,921
Total assets	$	12,921	$	—	$	—	$	12,921
Liabilities
Deferred compensation plan	$	22,371	$	—	$	—	$	22,371
Total liabilities	$	22,371	$	—	$	—	$	22,371

Reconciliation of changes in the fair value of financial assets and liabilities classified as level 3

The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy:



	Three Months Ended March 31,
(In thousands)	2016		2015
Balance at beginning of period	$	—	$	85,958
Total gains (losses) (realized or unrealized):
Included in earnings	3,647		17,840
Included in other comprehensive income	—		—
Settlements	—		(20,473		)
Transfers in and/or out of level 3	—		—
Balance at end of period	$	3,647	$	83,325

Change in unrealized gains (losses) relating to assets and liabilities still held at the end of the period	$	3,647	$	(2,663	)

Carrying amounts and fair values of debt

The carrying amount and fair value of debt is as follows:



	March 31, 2016						December 31, 2015
(In thousands)	Carrying Amount			Estimated Fair Value			Carrying Amount			Estimated Fair Value
Debt	$	1,603,192		$	1,506,177		$	2,016,139		$	1,839,530
Current maturities	(20,000		)	(20,219		)	(20,000		)	(20,378		)
Long-term debt	$	1,583,192		$	1,485,958		$	1,996,139		$	1,819,152